Staten Island Commercial Building For
For Sale
$3,950,000
526 Richmond Ter, Staten Island, NY 10301
Commercial building near downtown St George with high traffic.
Property Size11,250 SF
Price / SF$395
Days on Market119
Property Features for 526 Richmond Ter
General Information
Standard status
Active
Size
11,250 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$28,572
Building Details
Building Size
11,250 SF
Year Built
2001
Stories
2
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Valerie F. Bartolone
(718) 667-8000
Source:
Elliman
Added: Apr 24
Changed: Aug 14
Last Checked: Aug 14 at 6:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This commercial building for sale is situated near downtown St George on a high-traffic main road. The building is zoned for contractors, fabricators, or manufacturing users seeking a professional headquarters. The first floor spans 5,000 square feet, comprising a 3,600-square-foot warehouse portion and a 1,400-square-foot retail portion, along with one bathroom and a kitchenette. It features a 14-foot high roll-up garage door and parking space for 8 cars. The backyard is enclosed. The property includes high 20-foot ceilings that can be divided and large windows with harbor views. There is a private marble lobby with an elevator. The second floor, also 5,000 square feet, is subdividable and features 20-foot high ceilings and 4 handicap bathrooms. The building has 1000 amps of electrical service and M3-1 zoning. The location is near transportation. The bike score is 67, indicating it is bikeable. The walk score is 89, indicating it is very walkable. The transit score is 80, indicating excellent transit.
Key Highlights
- High‑traffic location near downtown St George with excellent walkability (89) and transit (80).
- M3‑1 zoning suitable for contractors, fabricators, or manufacturing.
- Subdividable 10,000 sq ft building with 5,000 sq ft on each floor.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$157,920
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,158,400
$3.2M
Cap Rate 7%
$2,256,000
$2.3M
Cap Rate 9%
$1,754,667
$1.8M
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$240.0K $24.00/SF
− Vacancy
−$14.4K −$1.44/SF
EGI
$225.6K $22.56/SF
− OpEx
−$67.7K −$6.77/SF
NOI
$157.9K $15.79/SF
Area
Staten Island, NY
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,158,400
Cap Rate 7%
$2,256,000
Cap Rate 9%
$1,754,667
Alternative Uses
Best Use
Industrial
$2.26M
$1.97M – $2.63M
NOI $157,920 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.77M
$4.18M – $5.57M
NOI $334,002 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Commercial building near downtown St George with high traffic.
Where is this manufacturing property located?
The property is located at 526 Richmond Ter Staten Island, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: High‑traffic location near downtown St George with excellent walkability (89) and transit (80).; M3‑1 zoning suitable for contractors, fabricators, or manufacturing.; Subdividable 10,000 sq ft building with 5,000 sq ft on each floor.
